ETF funds and LOF funds can be converted off-site and off-site. Both ETF funds and LOF funds use OTC conversion for arbitrage trading. After investors buy funds, they can make off-site and off-site conversions in securities companies. Pay attention to the OTC redemption of a basket of stocks by ETF funds.

The process of off-exchange and off-exchange conversion: off-exchange fund-transfer custody-on-exchange fund, on-exchange fund-transfer custody-off-exchange fund.